The new reality of the business world has accelerated the internalization of a concept that has acquired great importance today: the best environmental, social and governance practices. This vision, summarized in the acronym ESG (Environmental, Social and Governance), helps to assess the impact of companies and investments in society and in the world. It is a decisive factor in making investment decisions in companies or in more developed countries.
The valorization of ESG practices has been gaining space from demands from institutional investors, financial institutions, pension plans, investment funds, and endowments (donation funds). And it is becoming a general and growing concern for other business players. The recent pandemic and social conflicts in the world had helped to accelerate that evolution by broadening the debate on sustainable and social development.
Multilatinas companies, in the absence of a wide range of public policies that stimulate ESG practices in the countries of the region, have the opportunity to make a difference to investors by implementing them in their organizations.
The Mexican cement company has a solid sustainability policy, which has driven structural changes. Among them is the adoption of the use of waste from other industries, such as municipal garbage or industrial waste, to turn them into fuel. In this way, a logic of circular recycling economy has been created. In addition, CEMEX has set clear CO2 reduction targets, such as the development of gas-free concrete, aiming to achieve emission neutrality by 2050.
Supported by the fact of having plants and businesses in Europe, a continent that has recognized strict environmental laws, cement has accelerated the development of its sustainability policy. Such acceleration has given CEMEX competitive advantages and recognition.
Since 2017, the company with operations in Chile, Colombia, Panama, and Peru, explains that the units that are part of Credicorp Capital are supported by a Corporate Social Responsibility Program, which is in line with its regional development strategy of programs aimed at building its relationship with the community and the environment.
Its work towards the community and the environment is supported by three programs: Pro Bono Advisory Program, Corporate Volunteer Program, and Credicorp Capital Environmental Responsibility Program.
The company with operations in Chile, Peru, and Bolivia, under license of Coca-Cola, offers a business model oriented to sustainability and began working since its 2020 sustainability report under 6 pillars, in line with its stakeholders: Corporate Governance, Economic Sustainability, People, Product, Society, and Environment.
In each pillar, key aspects of sustainability are worked on as a north, generating an integral and transversal culture to meet the objectives outlined.